Sen. Bam Aquino stands by his “No” vote on the Tax Reform for Acceleration and Inclusion (TRAIN) Law, continuing to push for the repeal of the excise tax on fuel for the benefit of drivers of public utility vehicles (PUVs) and commuters.
“Hindi sapat ang suspension. Lubusin na natin ang pagtanggal ng excise tax sa petrolyo ng TRAIN Law. Nalulunod na sa taas presyo ang mga Pilipino, lalo na ang mga driver ng mga jeep, tricycle at iba pang PUV,” said Sen. Bam, one of four senators who voted against the ratification of TRAIN Law.
“Kung tatanggalin ang excise tax sa petrolyo sa TRAIN Law, hanggang P87 kada araw ang dagdag sa kita ng ating mga jeepney driver,” added Sen. Bam.
The added income is enough for PUV drivers to buy two kilos of rice per day for their families, Sen. Bam pointed out.
Since May 2018, Sen. Bam has been pushing for the suspension and rollback of excise tax on fuel under the TRAIN Law through his Senate Bill No. 1798 or the Bawas Presyo sa Petrolyo Bill.
The measure aims to suspend the collection of excise tax on fuel once inflation rate breaches the annual inflation target over a three-month period.
In addition, the bill also seeks to roll back the excise tax on petroleum products to December 31, 2017 levels or before the TRAIN Law was implemented.
Sen. Bam also joined other minority senators — Minority Floor Leader Franklin Drilon and Sens. Francis Pangilinan, Risa Hontiveros, Antonio Trillanes and Leila de Lima – in filing Senate Joint Resolution No. 15, which seeks to suspend the excise tax under the TRAIN Law and mandate the rollback of levy on fuel to December 31, 2017 rates.